In addition to a quarter-over-quarter and year-over-year increase in home lending, Quicken Loans Inc. expanded the size of its mortgage servicing portfolio.
As of Sept. 30, 2016, the Detroit-based firm serviced $229.0 billion in residential loans. The servicing portfolio grew from $215.0 billion three months earlier.
The data, along with other operational metrics, were disclosed by Quicken as part of the Mortgage Daily Third Quarter 2016 Mortgage Origination Survey.
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From:: Financing